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USDJPY Pushes Higher From Key Support After Gap Down

The USDJPY gapped lower to open this week, moving right into the key 94.45 support that we've been discussing recently. The market did indeed form a 1 hour pin bar buy setup at that key 94.45 support, signaling that the gap was likely to fill and the market was going to move higher, back in-line with the underlying up trend. This market could push higher this week to re-test the resistance near 96.70 before falling lower again.